Oil prices fell more than 5% in a sudden move on Tuesday after report said Saudi Arabia's oil production will restore to normal levels faster than initially expected.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After two years working on Amazon's Rekognition technology, Humphrey Chen left to become product chief at VidMob and put the software into action.Technologyread more
Walmart likely discriminated against dozens of female workers in its stores, according to a Tuesday report from the Wall Street Journal.Retailread more
Canaccord Genuity's Tony Dwyer says Americans are spending less than ever on their fuel needs.Trading Nationread more
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.Economyread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
The service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
"Facebook and Google have popularized scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable," the News Corp. chairman said in a statement.
"If Facebook wants to recognize 'trusted' publishers then it should pay those publishers a carriage fee similar to the model adopted by cable companies," Murdoch said.
The statement comes after Facebook said Friday it would survey its users about what news sources they trust, and tweak its ranking software to help promote more the credible ones.
In his own Facebook post last week, CEO Mark Zuckerberg said, "I've asked our product teams to make sure we prioritize news that is trustworthy, informative, and local. And we're starting next week with trusted sources."
Facebook and Google have been gobbling up an ever-larger chunk of the digital ad market. The two companies are expected to post combined sales of just over $185 billion in 2018, based on Wall Street estimates compiled by Thomson Reuters.
Murdoch says the two companies should pay to ensure their users get quality journalism.
"Recognition of a problem is one step on the pathway to cure, but the remedial measures that both companies have so far proposed are inadequate, commercially, socially and journalistically.
"There has been much discussion about subscription models but I have yet to see a proposal that truly recognizes the investment in and the social value of professional journalism. We will closely follow the latest shift in Facebook's strategy, and I have no doubt that Mark Zuckerberg is a sincere person, but there is still a serious lack of transparency that should concern publishers and those wary of political bias at these powerful platforms," Murdoch wrote.
News Corp. bought Facebook rival MySpace for $580 million in 2005 and sold it for $35 million six years later.